Wilson Office Supplies has announced plans to purchase all of the property and assume the obligations of Brown & Craft Stationery,Inc.,a firm that has been one of its major competitors.Wilson's plans are an example of a vertical merger.

Question

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A vertical merger involves companies at different stages of production or supply chain, while Wilson's acquisition of a competitor is a horizontal merger, as both companies operate at the same level in the industry.

Wilson Office Supplies Has Announced Plans to Purchase All of the Property